Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-24-2016, 01:21 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Lsbcal's Avatar
 
Join Date: May 2006
Location: west coast, hi there!
Posts: 5,702
Our son asked me this morning if he should buy the British pound. He pays zero attention to this stuff and is thus very poorly informed. He is just thinking of reversion to the mean although he did not call it that.

My advise to him was unless you have special information that is more then the guy on the other side of the trade you should not engage in the trade.
__________________

__________________
Lsbcal is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-24-2016, 01:29 PM   #22
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 1,732
I personally believe that the equity slide is much overblown. Still, I do not react to such events in either direction.
__________________

__________________
"The mountains are calling, and I must go." John Muir
DrRoy is online now   Reply With Quote
Old 06-24-2016, 02:59 PM   #23
Recycles dryer sheets
BeachOrCity's Avatar
 
Join Date: Jun 2016
Posts: 115
Quote:
Originally Posted by petershk View Post
I bought some VSS and VEA. Nothing life changing. Not super worried or excited. I think this is more hooplah than substance at this point. Of course... could be start of a bigger change which I also can't control so...

I guess onward

Sent from my HTC One_M8 using Early Retirement Forum mobile app
+1 on the VEA. Its a ex us world fund. Impact should be minimal, but down about 7% today.
__________________
BeachOrCity is offline   Reply With Quote
Old 06-24-2016, 06:23 PM   #24
Recycles dryer sheets
 
Join Date: Jun 2014
Posts: 433
Quote:
Originally Posted by BeachOrCity View Post
+1 on the VEA. Its a ex us world fund. Impact should be minimal, but down about 7% today.
Right. GB is like 6% of the global economy so its assuming a total British collapse or huge contagion?


Sent from my HTC One_M8 using Early Retirement Forum mobile app
__________________
petershk is offline   Reply With Quote
Old 06-24-2016, 07:43 PM   #25
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,488
Quote:
Originally Posted by ziggy29 View Post
We don't even know for sure whether the UK *will* leave the EU. This was a non-binding advisory vote, though it does put some pressure on Parliament. The uncertainty may produce more buying opportunities than the actual event itself would.
Since this was in the UK, hopefully their leaders will recognize and honor the will of the people.

And I've been waiting for something to happen to create some short term buying opportunities. Made several trades (buys) today. Hopefully I will be able to pickup a few more early next week, at the price I'm currently willing to pay.
__________________
Car-Guy is online now   Reply With Quote
Old 06-25-2016, 07:36 AM   #26
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,710
Just checked and the latest tally is 52% leave, 48% stay. It will be interesting to see how this plays out with there MPs, and what further market gyrations occur. On a world-wide basis, I think there is enough strife and contagion to last until the meteor hits.
__________________
target2019 is offline   Reply With Quote
Old 06-25-2016, 07:50 AM   #27
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 2,264
Quote:
Originally Posted by target2019 View Post
Just checked and the latest tally is 52% leave, 48% stay. It will be interesting to see how this plays out with there MPs, and what further market gyrations occur. On a world-wide basis, I think there is enough strife and contagion to last until the meteor hits.
And what is this thing with the referendum rerun?
Petition urging second EU referendum reaches 1m signatures | Politics | The Guardian
__________________
tmm99 is offline   Reply With Quote
Old 06-25-2016, 10:13 AM   #28
Thinks s/he gets paid by the post
 
Join Date: May 2014
Location: Utrecht
Posts: 2,213
Quote:
Originally Posted by tmm99 View Post
UK has a rule that if a petition reaches 100.000 supporters it needs to be discussed in parliament. A petition started yesterday already hit 1.5 million signatures.

It's basically the younger generations (<40 years) fighting back. This is good, people are engaging.

Practically this means what will probably happen in the coming weeks is nothing as politicians are trying to figure out what to do next.

Volatility ahoy!
__________________
Totoro is offline   Reply With Quote
Old 06-25-2016, 12:57 PM   #29
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,710
Quote:
Originally Posted by tmm99 View Post
Twitter is awash with various hashtags on staying, leaving, Scotland, London. I basically want to be left alone until the meteor hits!
__________________
target2019 is offline   Reply With Quote
Old 06-25-2016, 01:23 PM   #30
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 2,264
Quote:
Originally Posted by Totoro View Post
UK has a rule that if a petition reaches 100.000 supporters it needs to be discussed in parliament. A petition started yesterday already hit 1.5 million signatures.

It's basically the younger generations (<40 years) fighting back. This is good, people are engaging.

Practically this means what will probably happen in the coming weeks is nothing as politicians are trying to figure out what to do next.

Volatility ahoy!
Thank you Totoro.

I wonder if those younger generations petitioning are the 25% of the population that didn't show up? Does anybody know what age group didn't vote for the first time?

As for my portfolio, so far, it has only gone down by about 1.5%. I will have to wait to jump in at a much lower level.
__________________

__________________
tmm99 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Opportunities in the foreign currency exchange rate. Hobo FIRE and Money 12 10-15-2008 07:42 AM
? Need suggests for opportunities that are interesting/modivating during retirement. Lookin2Enjoy FIRE and Money 10 10-05-2008 08:50 PM
Recent Wonderful Opportunities to Lose Money haha FIRE and Money 1 08-25-2008 08:13 PM
Is all the Indexing money making opportunities for stock picking? Olav23 FIRE and Money 2 01-08-2007 12:40 PM
Self Storage Business Opportunities DFW_M5 FIRE and Money 5 09-11-2005 09:13 AM

 

 
All times are GMT -6. The time now is 02:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.